Congress' worst nightmare has come true, with just one victory in the five states that went to the polls.
In Uttar Pradesh, the Samajwadi Party has registered its biggest win since 1985. The Samajwadi Party has managed to get a majority with over 220 seats. In Punjab, the Akali's have also created history becoming the first ruling coalition ever to beat anti-incumbency and retain power in the state. The BJP swept Goa, managing to get a comfortable majority in the 40 seat assembly. But the mandate is much more mixed in Uttarakhand with the Congress and the BJP in an neck and neck fight, in fact the Chief Minister BC Khanduri has lost the election there. The only consolation for the Congress is Manipur where the ruling party is all set to return to power. In an interview to CNBC-TV18, power packed panel including director of the Institute of Strategic Studies and former media advisor to the Prime Minister Sanjaya Baru, HT Media chairperson and editorial director Shobhana Bhartia and the editor-in-chief of CNN-IBN Rajdeep Sardesai and Yogendra Yadav, discuss the implications of the election results and analyse what this really means for reforms, what it means for policy paralysis at the center. Below is the edited transcript of the interview on CNBC-TV18. Also watch the accompanying videos. Q: Yesterday, we were discussing how itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
